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Author Message  holycow Member Username: holycow Post Number: 756 Registered: 08-2004 Rating: N/A Votes: 0 Friday, January 28, 2005 - 11:53 am:     NAB Daily 1) I took a position against the "obvious" when everyone was aniticipating it is gonna be a good short... (a case of contrarian instinct calling?); 2) Anyway, the game is not over until the fat lady sings, so, this may be too early to assume NAB is out of the potential "shorting" range; but there are a few clues to gauge what's happening with this new which bank (I'm sure CBA is fuming with their pinching of "talents"); 3) the two weekly resistance had been overcome thus far; 4) but the most telling bit is the RSI14 - immediately after the sold down, the climb back has been consistent and it seems to have staying power above 50 since SEP last year - does this come across to be a case of weak internal strength? For 5 months it has held its ground! 5) so think again... when things are too obvious and everyone can see it miles away, you should exercise more caution because sometimes it could be a BAIT! HC "... if you've got a chart, I have an opinion!"  holycow Member Username: holycow Post Number: 800 Registered: 08-2004 Rating: N/A Votes: 0 Friday, February 04, 2005 - 05:49 pm:     NAB Daily 1) in stock market nothing is certain, but... "they" have been "playing" the finance stock for this whole week, it's time to give it a rest, I think. HC "... if you've got a chart, I have an opinion!"

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